Bitcoin Price Watch; Here’s What’s On For Labor Day

Here’s a look at what we are focusing on in the bitcoin price this morning.
Here we are at the beginning of a new week, and chances are volume is going to be down today when compared to our standard Monday volume. Why? Because the US is shut down for Labor Day, and this means the usual European/US crossover (when the US market opens and the European market hits a mid afternoon swing) is not going to take place. Historically, and this applies to all financial markets, not just that of bitcoin, this crossover serves up quite a bit of volatility. We’ve had many a breakout entry mid afternoon Europe solely based on US participation initiation, and it’s always a nice little kicker to take us into the close of Europe.
What does this mean?

This post was published at NewsBTC on 9:57 am September 5, 201.

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